Pruitt v. Rockefeller Center Properties, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J. P.
On the September 1985 public offering of such shares at $20 per share, plaintiff purchased 100 shares of the common stock of Rockefeller Center Properties, Inc. (RCPI), a Delaware corporation owning two promissory notes in the total face amount of $1.3 billion issued by the two partnerships which own 12 buildings forming the core of Rockefeller Center, as *18well as an option, excercisable on December 31, 2000, to convert such notes into a 71.5% interest in the partnerships.
On December 13, 1985, three months after the public offering, plaintiff commenced this…
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